European buyout firm Investindustrial is in advanced talks to buy TreeHouse (THS) Foods for about $3B including debt, people familiar with the matter told Bloomberg’s Michelle Davis. Investindustrial is discussing a deal to pay about $22.50 a share in cash to take TreeHouse private, which represents around an 18% premium to TreeHouse’s Friday closing price, the report noted.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on THS: